business-jetGama Aviation, the global aviation services company, and Global Jet Capital, a provider of financing solutions for large-cabin, long-range private jets, present their studies for the Middle East business aircraft market.

Gama Aviation’s research finds out that 56% of the Middle East’s fleet of business aircraft are classified as medium to heavy, and 14% as business jet airliners.  The corresponding figures for the global fleet are 30% and 0.3%. The corresponding figures for the global fleet are 30% and 0.3%. There are some 794 business aircraft in the Middle East, and one in five of these (161) were delivered between 2011 and 2015.

Gama Aviation’s research also reveals that Saudi Arabia has the biggest fleet of business aircraft in the Middle East, with 187 (23.6% of the region’s total), followed by Turkey (157 and 19.8%) and the UAE (131 and 16.5%).  These three countries also accounted for 69% of all business aircraft deliveries between 2011 and 2015.

Global Jet Capital announces that 56 mid to heavy/large private jets were delivered to the Middle East in 2014 and 2015,  with a combined value of over $2.8 billion. Global Jet Capital says these aircraft typically cost between $25 million and $75 million each, and up to 80% of the funding used to purchase these is sourced through external financing. The largest number of deliveries were to Turkey (13), followed by Saudi Arabia (12) and the UAE (10).

Middle Eastern business aircraft fleet and breakdown, March 2016

Country Business aircraft fleet size Market share Share of fleet comprising medium, heavy and airliner jets All business aviation deliveries, 2011-2015
Saudi Arabia 187 23.6% 74.9% 43
Turkey 157 19.8% 65.0% 36
United Arab Emirates 131 16.5% 73.3% 32
Iran 46 5.8% 56.5% 1
Jordan 30 3.8% 73.3% 6
Kuwait 30 3.8% 93.3% 5
Qatar 28 3.5% 92.9% 13
Lebanon 24 3.0% 70.8% 3
Oman 16 2.0% 93.8% 8
Bahrain 14 1.8% 78.6% 1
Rest of the Middle East 131 16.5% 51.9% 13
All Middle East 794 100.0% 69.4% 161

 

Country Deliveries, 2014-2015
Midsize Heavy jet Jet airliner All deliveries
Turkey 2 10 1 13
Saudi Arabia 1 9 2 12
United Arab Emirates 1 7 2 10
Qatar 0 4 0 4
Kuwait 0 2 1 3
Rest of Middle East 1 13 0 14
All Middle East 5 45 6 56